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May 26, 2012
05/12
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about the single currency, i think there is a growing realization, that alongside plans to deal with deficits so you have fiscal credibility, you need an active monetary policy. that is what we have in the uk. and just as it's the uk has a single currency between our nations, if you're going to have a working single currency, you need that monetary policy, too. >> mr.als ter darling. >> i welcome the change of rhetoric over the weekend. the prime minister recognizing that austerity alone won't work. at least from his point of view in europe. could you tell us whether or not the german position has changed at all? because it doesn't seem like it. and until the german position does change, i find it very hard to believe the eurozone is possibly going to come up with anything that is convincing and credible before the greek elections on the 17th of june. >> i have great respect for the gentleman. i think you have the right point. i would say that the german approach is changing to an extent because the germans know that alongside deficit reduction plans in a single currency, you do need to have
about the single currency, i think there is a growing realization, that alongside plans to deal with deficits so you have fiscal credibility, you need an active monetary policy. that is what we have in the uk. and just as it's the uk has a single currency between our nations, if you're going to have a working single currency, you need that monetary policy, too. >> mr.als ter darling. >> i welcome the change of rhetoric over the weekend. the prime minister recognizing that austerity...
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May 14, 2012
05/12
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we all have to deal with our deficits. if we don't, our interest rates will go up. that's the fact and that's why we've got to deliver these difficult public spending reductions that also everything we can do to get growth at the same time. now house of lords reform, okay. i wouldn't for a minute say this is the most important thing the government is doing. of course it isn't. but parliament is quite capable of doing more than one thing at a time. do i think it would be a good idea if actually parliament delivered a house of lords that had people who were elected by you, the members of public in the house of lords to pass the laws that we all have to live by? sure i do. and every single party, major party, went into the last election saying that they wanted to reform the house of lords. so i think it's a perfectly sensible reform for parliament to consider. as i say, what matters, the things we're really focused on, getting that deficit down. getting our economy moving and creating a country and a society that's more worthwhile where people feel if i put in, i get o
we all have to deal with our deficits. if we don't, our interest rates will go up. that's the fact and that's why we've got to deliver these difficult public spending reductions that also everything we can do to get growth at the same time. now house of lords reform, okay. i wouldn't for a minute say this is the most important thing the government is doing. of course it isn't. but parliament is quite capable of doing more than one thing at a time. do i think it would be a good idea if actually...
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May 8, 2012
05/12
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we've cut the deficit. we made difficult decisions about cutting some areas of public spending, about having to increase some taxes because we inherited a situation where our budget deficit was bigger than that in greece. so although we might have had different views, we put those aside. we cut the deficit for the good of the economy. we both also took some very difficult decisions on welfare. for the first time information our country we've put a cap on welfare and said that no family out of work should be able to get more in welfare than the average family gets in work. again, a difficult decision. one that's never been taken before, but we workeding to the do that. and whatever the area, i would say, you know, whether it is getting immigration under control, where we put in place some tough limits, whether it's reforming our education system, where we put in place much tougher standards in terms of discipline and teaching proper subjects like math and english, we're not always going to agree, but in the
we've cut the deficit. we made difficult decisions about cutting some areas of public spending, about having to increase some taxes because we inherited a situation where our budget deficit was bigger than that in greece. so although we might have had different views, we put those aside. we cut the deficit for the good of the economy. we both also took some very difficult decisions on welfare. for the first time information our country we've put a cap on welfare and said that no family out of...
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May 24, 2012
05/12
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we agree with the german chancellor, the deficit reduction is vital in getting interest rates down. the problem is, europe hasn't had all three. we support all three those things. i say to him that nobody i can find -- not even the left wing party in greece backs his idea of an extra 200 billion pounds of borrowing into the british economy. that is the labor policy, it would wreck our economy, our prospects, which is exactly what they did in office. >> is there anyone at the g8 summit emphasize that the basic calls of the economic and political crisis in europe is not the greek debt? it is the single european currency and lack of a lender of last resort, which is now a threat to the global stability of banks. and may i put it to the prime minister, that until the leaders of the great nations grasp that fact and act upon it, that the turmoil in europe will continue. >> i think my friend makes an important point. a single currency requires an active interventionist central bank behind it. i think this realization is something we've been saying for a long time. it's one of the reasons
we agree with the german chancellor, the deficit reduction is vital in getting interest rates down. the problem is, europe hasn't had all three. we support all three those things. i say to him that nobody i can find -- not even the left wing party in greece backs his idea of an extra 200 billion pounds of borrowing into the british economy. that is the labor policy, it would wreck our economy, our prospects, which is exactly what they did in office. >> is there anyone at the g8 summit...
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by saving by public by by cutting down public deficit which will not work in the situation and at the same time we're saving on the one hand on the other hand we're having a hugely expansionary monetary policy that so we are stepping on the gas pedal was one foot and on the brake was the other and that's the frightening and so one would have to ask. who benefits from that kind of policy and they said that it could in deficits wouldn't work perhaps would getting rid of the euro. getting rid of the euro would be very painful it would work in the long run because we had a perfect system before the european monetary system which was just the right mix of flexibility and stability it was a stable system but you could just that if things went out of hand so that was a good system going back there directly would be great in practicality it would not be great because it would be extremely painful but. what i envision is that some p. some countries leave the euro like greece and maybe later spain and portugal italy not so a flexible union countries that are not ready to stay in should leave an
by saving by public by by cutting down public deficit which will not work in the situation and at the same time we're saving on the one hand on the other hand we're having a hugely expansionary monetary policy that so we are stepping on the gas pedal was one foot and on the brake was the other and that's the frightening and so one would have to ask. who benefits from that kind of policy and they said that it could in deficits wouldn't work perhaps would getting rid of the euro. getting rid of...
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season's euro league they went down a ninety four eighty one against bilbao as the spaniards half the deficit in their best of five playoff series the army men now lead the quarter final twenty one heading into game four on friday well it ruled on a bike and passes the ten thousand fans in past side you'd think would mean elimination from the competition but sales car would have to wait to book their place in the last four times i had a carious cruelty seven feel to me that part time helped by the outstanding market carnage scored eighteen points cost us about the latest was top score for the home side with twenty while aaron jackson added thirteen although not kristie at school twenty three points for the travelling russians it wasn't enough as bilbao held on for a ninety two eighty one victory all to play for our game four on friday. meanwhile in football's a premier european tournament the competition is also at the quarter final stage german club munich have one foot in the last fall where the tie between ac milan and barcelona is perfectly poised after the first leg was a loner failed to
season's euro league they went down a ninety four eighty one against bilbao as the spaniards half the deficit in their best of five playoff series the army men now lead the quarter final twenty one heading into game four on friday well it ruled on a bike and passes the ten thousand fans in past side you'd think would mean elimination from the competition but sales car would have to wait to book their place in the last four times i had a carious cruelty seven feel to me that part time helped by...
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May 24, 2012
05/12
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i don't agree with him, because i think a deficit reduction plan is necessary and essential for growth. when this government came to power, our interest rates were the same as spains, ours are less than 2%, theirs 6%. one of the reasons for that, we have a credible fiscal policy. >> thank you, mr. speaker. could my friend give the house an absolute cast iron assurance that while he is prime minister, this country will never ever join the euro, unlike the position of the leader of the opposition who is open to the idea. >> i'm very happy to give that pledge. i note the leader of the opposition said it depends how long he will be prime minister. i'm not sure which prospect is more terrifying. >> people see their friends suffering from a lack of opportunities, so they feel distressed when they huge unemployment rates for young people in greece and spain. will the prime minister say specifically what discussions he had with g8 colleagues about infrastructure development as a possible plan for growth. >> we did discuss the issue of infrastructure development, i think it can be part of what
i don't agree with him, because i think a deficit reduction plan is necessary and essential for growth. when this government came to power, our interest rates were the same as spains, ours are less than 2%, theirs 6%. one of the reasons for that, we have a credible fiscal policy. >> thank you, mr. speaker. could my friend give the house an absolute cast iron assurance that while he is prime minister, this country will never ever join the euro, unlike the position of the leader of the...
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lansing but bilbao have the deficits in their euro league basketball quarter final with says after a victory in game three in spain. high school demand by moscow come from three goals down to be scarred by four in overtime in game one of the western conference finals. and the pedal to the floor charts exclusively to russia's only driver it's only petrol about his start to the new formula one campaign and his hopes for the future. of sas car moscow have lost for only the second time in this season's euro league they went down ninety four eighty one against bilbao as the spaniards hard to deficits in their best of five playoff series the army men now lead the quarterfinal to one heading into game full on friday well brought on by a capacity ten thousand fans the size eight would mean elimination from the competition but says karr will have to wait to book their place in the last four home side how to prepare a sporty seven forty need part time help by the outstanding market panic she scored eighteen points cost us about the latest was top score for the home side with twenty four hour i
lansing but bilbao have the deficits in their euro league basketball quarter final with says after a victory in game three in spain. high school demand by moscow come from three goals down to be scarred by four in overtime in game one of the western conference finals. and the pedal to the floor charts exclusively to russia's only driver it's only petrol about his start to the new formula one campaign and his hopes for the future. of sas car moscow have lost for only the second time in this...
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May 21, 2012
05/12
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the deficit that caused these that have to be dealt with. growth in the eurozone has evaporated completely. without the recent german figures, it would be any risk -- in a recession. this affects us, too. as the governor of the bank of england said, the biggest risk to recovery in the u.k. stems from the difficulties facing the euro area. based on flows along, britain is more than six times as exposed as the united states. that is before you factor in the impact of confidence and our financial systems. this government was formed in the midst of a debt crisis in the year is done. two years later, little has changed. that is the backdrop against which we have to work. i believe it is only right we set out our views. we need to be clear about the long-term consequences of every single currency. in britain, we had one for centuries. when one part of our country struggles, another part stepped forward to help. a -- system that let down each state monetary flexibility but let's dump physical transfers can only result -- but let down physical trans
the deficit that caused these that have to be dealt with. growth in the eurozone has evaporated completely. without the recent german figures, it would be any risk -- in a recession. this affects us, too. as the governor of the bank of england said, the biggest risk to recovery in the u.k. stems from the difficulties facing the euro area. based on flows along, britain is more than six times as exposed as the united states. that is before you factor in the impact of confidence and our financial...
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Dec 27, 2012
12/12
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finance our deficits. and this is precisely how it worked. and the trouble was -- and if you want to understand exactly how the capital gains profits were attracted to the united states -- there are some key elements. there were some key elements. one was the proliferation of blue-collar workers in united states. that kept prices low. even with the oil crisis, prices in the united states rose more slowly than they did in japan or europe. so, if you were japanese or german, the profits, where do you invest them? where do you keep them? you keep them with the low inflation rate. that is one reason. one mechanism that helps attract the capital from the rest of the world and close the loop. wall street was another. it has an amazing capacity to create a metaphysical value out of nothing. walmart was another. is promoted the ideology of cheapness, which was calculated so brilliantly. nobody needs a gallon of pickles. i don't think it fits in a fridge. why was walmart producing it? i think it was a symbolic gest
finance our deficits. and this is precisely how it worked. and the trouble was -- and if you want to understand exactly how the capital gains profits were attracted to the united states -- there are some key elements. there were some key elements. one was the proliferation of blue-collar workers in united states. that kept prices low. even with the oil crisis, prices in the united states rose more slowly than they did in japan or europe. so, if you were japanese or german, the profits, where do...
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. >> to weaken to the first quarter of the fiscal year, a deficit of almost half a billion dollars. more importantly no plan for a budget. she says that she inherited a fiscal disaster. through better management and austerity measures the board president says the projected 2013 deficit now stands at less than $200 million. a tax on the sale of guns and ammo. many on the board supports the idea of discouraging smokers helping to prevent lung cancer. >> to remains to be seen if she has the votes to pass her budget. a chicago man accused of growing marijuana with a street value of about half a million dollars will be in court this afternoon for a bond hearing. wgn's nancy loo reports police seized those pot plants from an indoor growing facility. >> is the photography studio. it is quite a big studio space. according to police much of it was not being used for photography. he faces a number of charges including a felony count for manufacturing marijuana and weapons violations. reassume hauling away a lot of marijuana from the studio. and marijuana being carefully cultivated and dried.
. >> to weaken to the first quarter of the fiscal year, a deficit of almost half a billion dollars. more importantly no plan for a budget. she says that she inherited a fiscal disaster. through better management and austerity measures the board president says the projected 2013 deficit now stands at less than $200 million. a tax on the sale of guns and ammo. many on the board supports the idea of discouraging smokers helping to prevent lung cancer. >> to remains to be seen if she...
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Feb 17, 2012
02/12
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what the american people want t know, is how much deficit are we going to add to our current defi deficit if we were to pass this blueprint this year, which i un understand is 1.3 trillion.ho how much would it be at the endc of the ten-year cycle which i understand is still going to be around 750 billion.billion what would the total deficit be at the end of a ten-year cycle e if we adopted the president's sp spendingen plan? point one. point two is the point that mr. garrett made, every budget i've seen except for the ones proposed by this president d previously and this year. never put we expect the budget to be balanced. and you ought to at least y present a budget that says, i s don't scare, 50 years from now,f give us some time. tell us when if we adopt this ba spending plan, when we will it achieve a balanced budget and quit adding to the debt., does this administration really care about deficits and debt? they talk a lot about it, but their budgets don't reflect at. that. and i alsoso hear a lot of talk about simpson-bowles which i support. but you know what, this ation administrati
what the american people want t know, is how much deficit are we going to add to our current defi deficit if we were to pass this blueprint this year, which i un understand is 1.3 trillion.ho how much would it be at the endc of the ten-year cycle which i understand is still going to be around 750 billion.billion what would the total deficit be at the end of a ten-year cycle e if we adopted the president's sp spendingen plan? point one. point two is the point that mr. garrett made, every budget...
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hello welcome along to the world of sport is what's coming up pouncing back till the deficits in that you are league basketball courts a final says call a victory in game three in spain. i schooled anomaly moscow coming from three goals down by school in overtime in game one of the western conference finals. pedal to the floor as he chants exclusively to russia's i usually drive it's holly petrol he starts in the formula one campaign and his hopes for the future. but first ask our moscow have lost for only the second time in the season zero lake they went down ninety four eighty one against bilbao as the spaniards have the deficit in their best of five playoff series the army men now lead the quarter final two one heading into game four on friday well road on the fire capacity ten thousand fans the bust side here defeat would mean elimination from the competition but sayers car will have to wait to get their place in the last home side because harris forty seven food from the half time by the outstanding market planning to score eighteen points cost us about the latest was top score f
hello welcome along to the world of sport is what's coming up pouncing back till the deficits in that you are league basketball courts a final says call a victory in game three in spain. i schooled anomaly moscow coming from three goals down by school in overtime in game one of the western conference finals. pedal to the floor as he chants exclusively to russia's i usually drive it's holly petrol he starts in the formula one campaign and his hopes for the future. but first ask our moscow have...
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you my welcome to the world of sport here is what's coming up balancing back bill by our fault the deficit in the euro league basketball court of final would say as car after victory in game three in spain. high school in a moscow conference three goals down to be scarred by four in overtime in game one of the western conference finals. held on to the floor with the new formula one season the true race's old policy chops exclusively to russia's only driver with the petrol got his start to the new campaign pledge for the future. scarred moscow says car moscow have lost to only the second time in the season this year only they went down ninety four eighty one against bilbao as the spaniards half the deficit's and their best of five playoff series the army men now lead the quarter final two one heading into game four on friday brought on by a capacity ten thousand fans the past psyching would mean elimination from the competition but says car will have to wait to get that place in the last fall the home side had a precarious forty seven forty made a hard time helped by the outstanding market
you my welcome to the world of sport here is what's coming up balancing back bill by our fault the deficit in the euro league basketball court of final would say as car after victory in game three in spain. high school in a moscow conference three goals down to be scarred by four in overtime in game one of the western conference finals. held on to the floor with the new formula one season the true race's old policy chops exclusively to russia's only driver with the petrol got his start to the...
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president barack obama doesn't care enough about the country's deficit and debt problems. with reese todd buchholz a former director of economic policy at the white house he was one of the first u.s. economist to forecast the two thousand and one slowdown in the u.s. the two thousand and eight pop in commodity prices and the dell rate of the u.s. debt rating thank you very much for joining me today you're welcome let's start with your latest book rush why you need and love the place you argue they are that competition is the one thing to keep us going and from you revealed a problem that exists right now in the society it's the reason the lack of desire to fight for anything to fight for a good job a good education is that three d. cell we've had twenty years of focusing on self-esteem trying to make kids feel better about themselves and it didn't matter how they did on tests the test scores didn't matter what they knew or what they achieved the whole point was it didn't matter what the important thing was to feel good about yourself so in washington d.c. for instance they
president barack obama doesn't care enough about the country's deficit and debt problems. with reese todd buchholz a former director of economic policy at the white house he was one of the first u.s. economist to forecast the two thousand and one slowdown in the u.s. the two thousand and eight pop in commodity prices and the dell rate of the u.s. debt rating thank you very much for joining me today you're welcome let's start with your latest book rush why you need and love the place you argue...
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Feb 18, 2012
02/12
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what the american people want to know is how much deficit are we going to add to our current deficit if we were to pass this blueprint this year, which i understand is $1.3 trillion. how much would it be at the end of the ten-year cycle which i understand is going to be still around $750 billion. what would the total deficit be at the end of a ten-year cycle if we adopted the president's spending plan? point one. point two is the point that mr. garrett made. every budget i've seen except the ones propose bid this president, previously and this year, never put a target out there of when we expect the budget to be balanced. and you ought to at least present a budget which says, i don't care, 50 years from now, make it some time, but tell us when, if we adopt this spending plan, when we will achieve a balanced budget. and quit adding to the debt. the question i have is, does this administration really care about deficits and debt? they talk a lot about it but their budgets don't reflect that. and i also hear a lot of talk about simpson bowles, which i support, but you know what? this ad
what the american people want to know is how much deficit are we going to add to our current deficit if we were to pass this blueprint this year, which i understand is $1.3 trillion. how much would it be at the end of the ten-year cycle which i understand is going to be still around $750 billion. what would the total deficit be at the end of a ten-year cycle if we adopted the president's spending plan? point one. point two is the point that mr. garrett made. every budget i've seen except the...
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and they're deficit blow up and then that led to the fiscal crisis but actually in that in spain in the island was the private sector that the venture led to the problems of having to bail out the banks large that is the greater the fiscal problem was all the fiscal problem the first place. so you know you cannot generalize there are different types of crisis within the eurozone not all of them were necessarily driven by excesses in the public sector at several of them where they've been ocular by excesses in the private sector because of poor regulations provision of the bank of says that a creator of a real estate than an opposite and a credit bubble what about the main economic power in the united states you said that economic growth would slow down next year to one one in the house but sent do you think that also apart from slowing economic growth the united states runs the risk of seeing pretty much the same what's going on in the euro zone right now for not no i don't think there will be a fiscal cries in the us even if the deficit and that large arising in part because us can pri
and they're deficit blow up and then that led to the fiscal crisis but actually in that in spain in the island was the private sector that the venture led to the problems of having to bail out the banks large that is the greater the fiscal problem was all the fiscal problem the first place. so you know you cannot generalize there are different types of crisis within the eurozone not all of them were necessarily driven by excesses in the public sector at several of them where they've been ocular...
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a deficit in the public administration but the deficit in the public administration is a consequence of the spanish economy not being competitive i think there are fears that what's happening at the moment in greece is going to be repeated in staying exactly the same i think it's we. they are about two years behind greece him terms of protest but you see the policy which the troika. and the international monetary fund the european central bank and european union are imposing on but if for countries greece italy spain portugal it's economics one o one is very simple to understand that i mean if these countries are. with problems and you force the to cut public spending well you push them deep into recession and even to your you pretended objective which is to reduce public deficit where you don't reach that goal because the. income of the of the public administration is reduced because the whole country got goes into big recession we have seen that in greece how every year the economy goes worse and we are seeing that in spain and we experiment that in spain more and more thank you ve
a deficit in the public administration but the deficit in the public administration is a consequence of the spanish economy not being competitive i think there are fears that what's happening at the moment in greece is going to be repeated in staying exactly the same i think it's we. they are about two years behind greece him terms of protest but you see the policy which the troika. and the international monetary fund the european central bank and european union are imposing on but if for...
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May 23, 2012
05/12
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if you look at the deficit reduction plan. they have plan to reduce the deficit. >> mr. speaker, does my friend agree that g8 -- will help arab spring countries cap into the international markets bringing them stanlt and prosperity? >> i think he makes an important point. it is a net bonus to the world. we need the wealthy countries of the world and the european union to get behind it. one of the problems we face the -- set themselves free they were told in the pass free enterprise economy. they have been having a capitalism economy. we need to work hard with them to make sure the economies grow for the future. >> can i welcome the prime minister's alert on aid levels from the richest to the poorest cups. and following through the on the commitment to sustainable hunger. will he promote support for smaller older farmers so they can and their families can grow more and better food, and employ others helping communities to strive. >> i think he makes an important point. it was part of the presentation given to the g8. through the proper use of fertilizer and things like ex
if you look at the deficit reduction plan. they have plan to reduce the deficit. >> mr. speaker, does my friend agree that g8 -- will help arab spring countries cap into the international markets bringing them stanlt and prosperity? >> i think he makes an important point. it is a net bonus to the world. we need the wealthy countries of the world and the european union to get behind it. one of the problems we face the -- set themselves free they were told in the pass free enterprise...
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budget deficit several border controls have been restored for the event the authorities fearful of protests for more on the story by. editor in chief of trends magazine thanks for joining us here on r.t. you know or what tools do you think he has to help these struggling economies. well the e.c.b. is in the midst of the process of helping the banks of all the euro countries and what we saw lately in the last months is that the banks have increasingly been buying the paper of governments in trouble like for example the spain government so the e.c.b. is trying to create the space for the political authorities to come to the decisions that need to be making made in terms of political union and all the other political decisions that need to be made but of course the e.c.b. cannot solve the structural problems which are characteristic of this monetary european monetary union well indeed and the spanish prime minister said he will continue with his austerity plans despite these thousands protesting against these cuts given these measures have prevented i should say recession in the country why is
budget deficit several border controls have been restored for the event the authorities fearful of protests for more on the story by. editor in chief of trends magazine thanks for joining us here on r.t. you know or what tools do you think he has to help these struggling economies. well the e.c.b. is in the midst of the process of helping the banks of all the euro countries and what we saw lately in the last months is that the banks have increasingly been buying the paper of governments in...
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championship and saw him overturn a three shot deficit on the final day to south africa's toys and with tiger woods a shot further back well mcelroy carded a sixty seven and had an electrifying start with three bird is on the first four holes and took the outright lead on the fifth to an who isn't drove his ball into a hazard however the south african didn't manage to keep it close right up until the eighteenth meaning marco needed to sing this to be sure a victory but it was agonizingly short and he then had to pray. missed his birdie effort to avoid a playoff. i which he did handing the twenty three year old the title and top spot in the fed ex cup standings which guarantees mcelroy and shot at the ten million dollar bonus at the top championship later this month. finally to write a sports where the g.t. won while championship and the g.t. three european championships have made their debuts here in russia where the drive as i overcame bad weather to move up in the standings was more just like charles. not only was it the first time that the g.t. championship had come to russia but als
championship and saw him overturn a three shot deficit on the final day to south africa's toys and with tiger woods a shot further back well mcelroy carded a sixty seven and had an electrifying start with three bird is on the first four holes and took the outright lead on the fifth to an who isn't drove his ball into a hazard however the south african didn't manage to keep it close right up until the eighteenth meaning marco needed to sing this to be sure a victory but it was agonizingly short...
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even if the deficit than that of a large arising in part because u.s. can print money to finance is that this is something that you have so long as i'm willing to rule because of the u.s. dollars in the currency so therefore in the manner of the rest of the larger market these financing the largest prescribed and current account deficits now no conflict which should be complacent over time if the u.s. were not to deal with his own fiscal problem because not going to do extend local might even as eventually you could have a fiscal train wreck or a sudden stop of copy dollars and then financial tomorrow could happen the united states that are for whatever is the result of the action next year or whether it's going to be a president starting a plan that leads to fiscal discipline of fiscal consolidation to be part of what the u.s. has to do you know to avoid the risk of something bad happening he was you know would have been later in the u.s. than other contraries but he could also have been us eventually do you expect the u.s. role in the dollar as role a
even if the deficit than that of a large arising in part because u.s. can print money to finance is that this is something that you have so long as i'm willing to rule because of the u.s. dollars in the currency so therefore in the manner of the rest of the larger market these financing the largest prescribed and current account deficits now no conflict which should be complacent over time if the u.s. were not to deal with his own fiscal problem because not going to do extend local might even...
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Jan 23, 2012
01/12
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we have to deal with the legacy of the deficit and the debt. the eurozone has bee deep and continuing trouble. and yesterday unemployment rose again. across europe economies of stalled. here in britain this is an active government sleeves rolled up, doing everything we possibly can to get our economy moving. the biggest work programs as the 19,373,000,000 people, a massive drive, major initiatives on regional growth, infrastructure, enterprise many people are questioning not just palin when we will recover but the whole way in which our economy works. so when our economic challenge starts with stealing with the debt it must not end there. we must aim higher than just the storms that are affecting the international call of because i believe that i am just this current diversity. we must aim to build a better economy, one that is truly fair and worthwhile. my argument today is this. we will build a better economy by turning back on the free-market. we will do it by making sure that market is fair as well as free. well of course, there is a role f
we have to deal with the legacy of the deficit and the debt. the eurozone has bee deep and continuing trouble. and yesterday unemployment rose again. across europe economies of stalled. here in britain this is an active government sleeves rolled up, doing everything we possibly can to get our economy moving. the biggest work programs as the 19,373,000,000 people, a massive drive, major initiatives on regional growth, infrastructure, enterprise many people are questioning not just palin when we...
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Apr 18, 2012
04/12
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CSPAN3
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we are competing with the deficit reduction as we run a farm mill. so it is a matter of our ability to work together and make the commitment. we can get it done. i know with your leadership that we can actually do this. i don't agree with everything in the proposal, i think it's a very important place to start. it's a very thoughtful place to start. it's clear we need to support job creation with real tax reform that simplyfis the tax code. lowers rates for individuals and businesses. fixing what is a long time broken physician payment rate system. i'm involved in trying to get a long-term fix. however, i don't support efforts that balance the budgets on the backs of working families and seniors. because frankly those folks have had enough. they faced enough. the house budget committee, which i believe proposed and the house passed a budget resolution that represents absolutely the wrong values. to eliminate medicare, turn it into a voucher system costing over $6,000 more to the average senior. making huge cuts for low-income seniors who are in nursi
we are competing with the deficit reduction as we run a farm mill. so it is a matter of our ability to work together and make the commitment. we can get it done. i know with your leadership that we can actually do this. i don't agree with everything in the proposal, i think it's a very important place to start. it's a very thoughtful place to start. it's clear we need to support job creation with real tax reform that simplyfis the tax code. lowers rates for individuals and businesses. fixing...
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and current account deficits. and they could should be complacent over time if the u.s. were not to deal with his own fiscal problem because a lot of the lyrics then local even as eventually you could have a fiscal train wreck or a sudden stop of copy and then financial tomorrow could happen the united states that are for whatever is the result of the action next here or whether it's going to be a president starting a plan that leads to fiscal discipline of fiscal consolidation to be part of the what the u.s. has to do you know order to avoid the risk of something bad happening to us you know better later in the u.s. than other companies but it could also have been us eventually do you expect the u.s. role in the dollar as role as a reserve currency to to continue as it is right now to maintain its positions and what is your take on the euro dollar rate because last year we asked you the same question and you said that you would not bet your money on the euro and you are right about now there is a generalized. happens with the u.s. dollar tween us fiscal and current take
and current account deficits. and they could should be complacent over time if the u.s. were not to deal with his own fiscal problem because a lot of the lyrics then local even as eventually you could have a fiscal train wreck or a sudden stop of copy and then financial tomorrow could happen the united states that are for whatever is the result of the action next here or whether it's going to be a president starting a plan that leads to fiscal discipline of fiscal consolidation to be part of...
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push them deep into recession and even to your pretended objective which is to reduce public deficit heat where you don't reach that goal because the. income of the of the public administration is reduced because the whole country goes into a big recession we have seen that in greece how every year the economy goes worse and we are seeing that in spain and we experiment that in spain more and more thank you very much for joining us. wealthy british style is not on the title of. markets why not come to. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into a report. on. the a. move. to. the be. a. mob. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harkin welcome to the big picture. of. the mission and free credit cation free transport charges free. range means free risk free. choose to free. free blog as a plug in vid
push them deep into recession and even to your pretended objective which is to reduce public deficit heat where you don't reach that goal because the. income of the of the public administration is reduced because the whole country goes into a big recession we have seen that in greece how every year the economy goes worse and we are seeing that in spain and we experiment that in spain more and more thank you very much for joining us. wealthy british style is not on the title of. markets why not...
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Nov 17, 2012
11/12
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people believed the deficit was given to the economy. we do not know if that is going to kick in, but there is no reason to fight against this hypothetical increase when we have these problems now. >> the only advantage we have is that we are in a better situation today than greece and southern europe. >> is that a fair comparison given the size of our economy and our growth rate? >> chris is a different situation. spain -- greece is a different situation. spain, france, italy -- they all know they have a problem. they thought they could go on borrowing. he cannot count on the forever and we cannot count on this forever. >> the deficit will look better next year as the economy starts to improve and we are freezing out about a debt problem that does not really exists. >> any sensible projection of the next decade since the death -- debt to gdp level continues to go up. we are so immune to the arithmetic that we continue to do what we are doing. you want to focus on cutting transfer programs. he did not want to cut the core functions of go
people believed the deficit was given to the economy. we do not know if that is going to kick in, but there is no reason to fight against this hypothetical increase when we have these problems now. >> the only advantage we have is that we are in a better situation today than greece and southern europe. >> is that a fair comparison given the size of our economy and our growth rate? >> chris is a different situation. spain -- greece is a different situation. spain, france, italy...
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Apr 20, 2012
04/12
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CSPAN3
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we proposed a deficit reduction cut that was about 2% of what was required of the deficit reduction commission, $23 billion. i truly believe we can do it if we have the will, and i know we can because we did it in agriculture. we are proceeding with that deficit reduction as we write a farm bill. so it is a matter of our ability to work together and make that commitment. and when we do it, we can get it done, which is why i know with your leadership before the end of this year that we can actually do this. now, while i don't agree with everything in the simpson/bowles proposal, i think it's a very important place to start. it's a very thoughtful place to start. it's clear we need to support job creation with real tax reform that simplifies the tax code, closes loopholes and tax earmarks, lowers rates for individuals and businesses. i also appreciate that the simpson/bowles proposal recommends fixing a longtime broken physician payment rate system, sustainable growth rate. many of us have been involved in that. i have been deeply involved in trying to get a long-term fix, and i'm very glad that
we proposed a deficit reduction cut that was about 2% of what was required of the deficit reduction commission, $23 billion. i truly believe we can do it if we have the will, and i know we can because we did it in agriculture. we are proceeding with that deficit reduction as we write a farm bill. so it is a matter of our ability to work together and make that commitment. and when we do it, we can get it done, which is why i know with your leadership before the end of this year that we can...
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so tell him what they differences such as the deficit to simply the amount of extra mag you're borrowing each year the debt is the total amount you're owing and then forcing the u.k. all the perception is that the government is actually the possession of many people and they're reducing the debt not to they're not reducing the debt the deficit which was due to come down in this current financial year to about ninety two billion pounds well the latest projections are it's going to be one hundred twenty maybe a hundred thirty up on last year so it's not known as the debt not going down the deficit is going back up and we're going to be. about as a government one trillion pounds therefore cost forecast to go up to one and a half trillion in three years as a percentage g.d.p. that represents well that will go at the moment we're on about two thirds of g.d.p. it's going to go up to like america by about three years it will be one hundred percent of g.d.p. ok that's not including of course all the considered liabilities they don't bother to put in the figures so it's pretty scary we're in a de
so tell him what they differences such as the deficit to simply the amount of extra mag you're borrowing each year the debt is the total amount you're owing and then forcing the u.k. all the perception is that the government is actually the possession of many people and they're reducing the debt not to they're not reducing the debt the deficit which was due to come down in this current financial year to about ninety two billion pounds well the latest projections are it's going to be one hundred...
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Feb 13, 2012
02/12
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this is how much this deficit is. i you took all of the money earned by everyone in the country, took it all and then on top of that took all of the gold in ft. knox and sold it. added all that together, that is less than the deficit in this year's budget alone. that is the severity of what we face. and this budget does not help solve the problem. >> i would just say one thing before we go forward, i think our colleagues would join with me. i would say if the republicans are given the opportunity next year to have a majority from congress, we would use the rule that allows the budget to be passed by 50 votes. 60 votes is required to pass a budget. we will pass a budget. we will have a bicameral budget. we will have a budget that will put us on path of growth and leadership. >> i'll assume that's right. you know, follow up on this intercessions points. this is not a serious proposal, the president intends to exert no effort to get this budget passed. i thought last week the most telling statement that anybody made is w
this is how much this deficit is. i you took all of the money earned by everyone in the country, took it all and then on top of that took all of the gold in ft. knox and sold it. added all that together, that is less than the deficit in this year's budget alone. that is the severity of what we face. and this budget does not help solve the problem. >> i would just say one thing before we go forward, i think our colleagues would join with me. i would say if the republicans are given the...
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hardwood hopes build up a deficit in their euro league basketball quarterfinal with c.s.k. moscow after a victory against. but then there were eight the quarter final stage of football's europa league gets going in a few hours with manchester united's conquerors out let me build by looking like the team to beat. pedal to the floor or teach us exclusively to russia's first ever formula one driver of the telly petrol but his start the new campaign on his hopes for the future. we get going with basketball were assessed in moscow have suffered defeat for only the second time in this season's year only the army men though still leading a quarter final series with bill heading into friday's game four ruled on by a capacity ten thousand fans the past side knew it would need an emanation from the competition side holding a precarious forty seven forty lead at half time health in particular by the outstanding mark obama at shit was close this puzzle this though top score for bill by with twenty points while our in jackson thirteen chris to choose game high twenty two points for the
hardwood hopes build up a deficit in their euro league basketball quarterfinal with c.s.k. moscow after a victory against. but then there were eight the quarter final stage of football's europa league gets going in a few hours with manchester united's conquerors out let me build by looking like the team to beat. pedal to the floor or teach us exclusively to russia's first ever formula one driver of the telly petrol but his start the new campaign on his hopes for the future. we get going with...
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has its own problems mess of you know budget deficits as a matter of fact the budget deficit in the united states is probably not too dissimilar from that of greece right now and very very few convincing proposals to get that under control as i said before right now many u.s. treasury securities are not being placed with savers or you know the free capital markets they are being placed with with the own central bank or other frankly central banks so the whole thing is very very thin ice isn't that another kind of capital control and that the u.s. is not allowing for the free distribution of capital as a way to you know they think they challenge china as being a currency manipulator but the u.s. is a currency they're all part of manipulators limited as often as money right absolutely right out of the one of the reasons why over the last sort of obviously the throughout the twentieth century we've made a continuous move away from gold. and gold and then of the gold standard and then you know as you know since nine hundred seventy one even the bretton woods system which was the last of the tw
has its own problems mess of you know budget deficits as a matter of fact the budget deficit in the united states is probably not too dissimilar from that of greece right now and very very few convincing proposals to get that under control as i said before right now many u.s. treasury securities are not being placed with savers or you know the free capital markets they are being placed with with the own central bank or other frankly central banks so the whole thing is very very thin ice isn't...
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Feb 7, 2012
02/12
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i appreciate the emphasis that kwouf placed on the bowel-simpson deficit deficit report. i think if it was broken into parts everybody could have voted against the part they didn't like and all the parts would have passed and could have come to senate, and i think in six parts it would have passed too. most enacted os terty programs that reduced government spending and recently sovereigned bond actions by fiscally troubled companies enjoyed surprising dmapds, this resulted in yields well below expectations. "the new york times" suggested these auctions are a sign that the os terty measures that comforted investors and lured them back into the your roar zone bond. despite the passage of the budget control act, the u.s. federal spending is expected to grow in 2012. do you believe the ugs has really entered a period of os terty as some have suggested? >> in the european case, i think that some progress in some of the troubled countries towards fiscal balance has been encouraging investors. there are other important factors, notably european central banks, large loaning banks
i appreciate the emphasis that kwouf placed on the bowel-simpson deficit deficit report. i think if it was broken into parts everybody could have voted against the part they didn't like and all the parts would have passed and could have come to senate, and i think in six parts it would have passed too. most enacted os terty programs that reduced government spending and recently sovereigned bond actions by fiscally troubled companies enjoyed surprising dmapds, this resulted in yields well below...